Invoice Management Software

We make it simple. Paper invoices are either scanned into an electronic format or electronically submitted directly into the software—via email or P.O. Box. Our full-service solution uses artificial intelligence (AI) to extract critical data quickly and accurately, with our indexing specialists available for an additional validation layer.

AvidInvoice is flexibly designed to meet your business needs. You can easily track and manage approvals without the inefficiencies and paper—wherever you are and from any device.

Yes. AvidInvoice supports 2-way (PO and Invoice) and 3-way matching (PO, Invoice and Receipt).

Invoice automation uses technology and software to streamline and automate the invoice management process. By removing manual, paper-based tasks, businesses can digitize their invoice data along with the associated management process. This automation improves the efficiency, accuracy, and speed of invoice processing. 

Key features of invoice automation include digital (rather than paper) invoices, automated invoice approval workflows, anytime/anywhere visibility, convenient e-payment options, and seamless integration with accounting systems. 

Businesses typically spend up to 70 percent less time using AP automation instead of manual processes, Goldman Sachs reports. These companies speed up invoice approvals from approximately 10 days to three days. Read more...

Automated invoice processing software consists of a set of coded instructions for processing invoices. The software follows rules and conditions for how to proceed with invoice automation.

For example, your company may have a rule that any invoice over $1,000 has to be approved by the CEO. The software automatically notifies that CEO about the need to approve an invoice.

Automated invoicing software can follow another rule that your company only wants specific employees to be able to see invoice information. If so, the software follows that rule and only sends the invoices to those specific people. Read more...